USS Investment Management Ltd lifted its position in Sysco Corporation (NYSE:SYY) by 16.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,265 shares of the company’s stock after purchasing an additional 16,700 shares during the period. USS Investment Management Ltd’s holdings in Sysco Corporation were worth $6,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TrimTabs Asset Management LLC increased its stake in shares of Sysco Corporation by 88.7% in the first quarter. TrimTabs Asset Management LLC now owns 2,162 shares of the company’s stock worth $112,000 after purchasing an additional 1,016 shares in the last quarter. Arcadia Investment Management Corp MI increased its stake in shares of Sysco Corporation by 10.7% in the second quarter. Arcadia Investment Management Corp MI now owns 2,336 shares of the company’s stock worth $118,000 after purchasing an additional 225 shares in the last quarter. Kistler Tiffany Companies LLC increased its stake in shares of Sysco Corporation by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 2,903 shares of the company’s stock worth $151,000 after purchasing an additional 13 shares in the last quarter. Blue Chip Partners Inc. increased its stake in shares of Sysco Corporation by 0.6% in the first quarter. Blue Chip Partners Inc. now owns 2,949 shares of the company’s stock worth $153,000 after purchasing an additional 19 shares in the last quarter. Finally, AT Bancorp purchased a new stake in shares of Sysco Corporation in the second quarter worth $154,000. 79.91% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Sysco Corporation in a research note on Tuesday, September 12th. Zacks Investment Research cut shares of Sysco Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a research note on Monday, August 14th. Pivotal Research set a $53.00 price objective on shares of Sysco Corporation and gave the stock a “hold” rating in a research note on Sunday, August 13th. Finally, Royal Bank Of Canada set a $50.00 price objective on shares of Sysco Corporation and gave the stock a “hold” rating in a research note on Friday, August 11th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $56.17.

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Sysco Corporation (NYSE:SYY) opened at 53.66 on Monday. Sysco Corporation has a 1-year low of $47.15 and a 1-year high of $57.07. The stock has a market capitalization of $28.33 billion, a PE ratio of 25.80 and a beta of 0.52. The company’s 50-day moving average is $52.22 and its 200 day moving average is $52.56.

Sysco Corporation (NYSE:SYY) last issued its quarterly earnings results on Monday, August 14th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The company had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.35 billion. Sysco Corporation had a net margin of 2.06% and a return on equity of 53.25%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. Equities analysts predict that Sysco Corporation will post $2.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, October 5th. Sysco Corporation’s payout ratio is presently 63.16%.

In related news, CEO William J. Delaney III sold 30,000 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $49.92, for a total value of $1,497,600.00. Following the completion of the sale, the chief executive officer now owns 406,725 shares of the company’s stock, valued at approximately $20,303,712. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Trian Fund Management, L.P. sold 372,314 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $53.09, for a total transaction of $19,766,150.26. Following the completion of the sale, the director now directly owns 5,529 shares of the company’s stock, valued at approximately $293,534.61. The disclosure for this sale can be found here. In the last three months, insiders sold 524,714 shares of company stock valued at $27,628,142. 8.81% of the stock is owned by insiders.

Sysco Corporation Company Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

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Institutional Ownership by Quarter for Sysco Corporation (NYSE:SYY)

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